Multiple Choice
A firm with sales of $1,000,000, net profits after taxes of $30,000, total assets of $1,500,000, and total liabilities of $750,000 has a return on equity of
A) 20 percent.
B) 15 percent.
C) 3 percent.
D) 4 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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